Oil now

On Tuesday oil quotes returned to decline amid rising pessimism and a low probability that OPEC and non-cartel countries would reduce oil production. At the same time, the United States continues to be an ardent opponent of this decision, which continues to increase oil production, as indicated by the increase in US oil inventories. The limiting factor for oil quotes is also the increase in risks on stock exchanges and the strengthening of the US currency.

Look Technical Analysis of Oil.

At the moment, Brent crude is trading around $ 66.20, a decline of about -0.90% in price.

 

WTI crude oil trades at $ 56.90, a decrease of about -0.40% in price.

Read also: “British Pound (GBP) – Features of  trading in crosses”

Dani Leviant

Earn with the help of the trade service on the news Erste News!

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